USDJPY may have completed its multi month decline at 104.00 in the area of a triple bottom.
Daily Stochastic has a bullish crossover in oversold territory.
The clear support level represents a good risk/reward ratio set up because a stop could be placed just below 104.00. Additionally the position could be reversed to short if 104.00 is broken. Minimum upside projection is a move to at least the high labeled - (A or 1). Mark